Northrop Grumman (NOC) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NOC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOC, but not buy additional shares or sell existing shares.
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15 brokerages have issued 1-year price objectives for Northrop Grumman's shares. Their NOC share price forecasts range from $375.00 to $615.00. On average, they expect the company's share price to reach $509.75 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
View analysts price targets for NOC or view top-rated stocks among Wall Street analysts.

Northrop Grumman's stock was trading at $545.61 at the beginning of 2023. Since then, NOC shares have decreased by 21.0% and is now trading at $431.05.
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Northrop Grumman saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,420,000 shares, an increase of 15.4% from the June 30th total of 1,230,000 shares. Based on an average trading volume of 708,400 shares, the short-interest ratio is presently 2.0 days. Approximately 0.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our NOC earnings forecast.

Northrop Grumman Co. (NYSE:NOC) released its quarterly earnings data on Thursday, July, 27th. The aerospace company reported $5.34 EPS for the quarter, topping the consensus estimate of $5.31 by $0.03. The aerospace company earned $9.58 billion during the quarter, compared to analyst estimates of $9.32 billion. Northrop Grumman had a trailing twelve-month return on equity of 24.90% and a net margin of 12.27%.
Read the conference call transcript.

Northrop Grumman announced a quarterly dividend on Tuesday, May 16th. Shareholders of record on Tuesday, May 30th will be given a dividend of $1.87 per share on Wednesday, June 14th. This represents a $7.48 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, May 26th. This is a boost from the stock's previous quarterly dividend of $1.73.
Read our dividend analysis for NOC.

ETFs with the largest weight of Northrop Grumman (NYSE:NOC) stock in their portfolio include First Trust Indxx Aerospace & Defense ETF (MISL), Invesco Aerospace & Defense ETF (PPA), Gabelli Commercial Aerospace & Defense ETF (GCAD), iShares U.S. Aerospace & Defense ETF (ITA), SPDR S&P Aerospace & Defense ETF (XAR), SPDR S&P Kensho Final Frontiers ETF (ROKT), AdvisorShares Drone Technology ETF (UAV) and Constrained Capital ESG Orphans ETF (ORFN).

Northrop Grumman (NYSE:NOC) pays an annual dividend of $7.48 per share and currently has a dividend yield of 1.74%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NOC will have a dividend payout ratio of 30.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NOC.

Northrop Grumman issued an update on its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $22.45-22.85 for the period, compared to the consensus EPS estimate of $22.64. The company issued revenue guidance of $38.4-38.8 billion, compared to the consensus revenue estimate of $38.40 billion.

610 employees have rated Northrop Grumman Chief Executive Officer Kathy Warden on Glassdoor.com. Kathy Warden has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Northrop Grumman investors own include RTX (RTX), Lockheed Martin (LMT), NVIDIA (NVDA), Boeing (BA), Home Depot (HD), Micron Technology (MU), Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC) and Honeywell International (HON).

Northrop Grumman trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOC."

Northrop Grumman's stock is owned by a variety of institutional and retail investors. Top institutional investors include Capital International Investors (8.05%), BlackRock Inc. (6.35%), JPMorgan Chase & Co. (2.70%), Capital World Investors (2.45%), Geode Capital Management LLC (1.83%) and Osaic Holdings Inc. (0.84%). Insiders that own company stock include David T Perry, Janis G Pamiljans, Karl J Krapek, Kathy J Warden, Lesley A Kalan, Mark A Caylor, Mark A Caylor, Mary D Petryszyn, Mary D Petryszyn, Michael A Hardesty, Shawn N Purvis, Sheila C Cheston, Thomas H Jones and Thomas L Wilson Jr.
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Shares of NOC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NOC stock can currently be purchased for approximately $431.05.

Northrop Grumman (NYSE:NOC) has a market capitalization of $65.22 billion and generates $36.60 billion in revenue each year. The aerospace company earns $4.90 billion in net income (profit) each year or $30.19 on an earnings per share basis.

The company employs 95,000 workers across the globe.

Northrop Grumman's mailing address is 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA, 22042. The official website for the company is www.northropgrumman.com. The aerospace company can be reached via phone at (703) 280-2900, via email at investors@ngc.com, or via fax at 302-655-5049.